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France's November consumer index falls 0.2 pct: Insee

Xinhua, December 10, 2015 Adjust font size:

France's Statistics Institute Bureau Insee announced Thursday the consumer prices index (CPI) decreased by 0.2 percent in November compared to a slight rise reported a month earlier.

"Decreases, partially seasonal, in prices of transport services and fresh foodstuffs, as well as a further drop in energy prices were the main contributors to the decline in CPI in November," Insee said in a monthly report.

Last month's inflation fall stemmed mainly from a 1.6 percent decline in transportation and tourism cost which pulled the country's total services prices to drop 0.2 percent, Insee figures showed.

For the fifth successive month, prices of energy went down by 0.5 percent over the period "mainly due to a further decrease in prices of petroleum products" which lost 0.9 percent.

Following a 0.4 percent fall in medical products and tepid sales of clothes and footwear, manufacturing costs also inched down by 0.1 percent in November compared to October performance, according to the report.

On a year-on-year basis, the country's CPI, a key gauge of inflation, was stable, it added.

French government expected the country's inflation to be 0.9 percent for the year 2015. Endit